MBCC TH 28th Jun'24 - "As 1H'24 draws to a close, themes ALWAYS reverse into 2H'24 - what will it be and how are people positioned?"

1H has been all about S&P 500 US market strength over EU/China/ROW but then it has just been 2-3 stocks NVDA 0.00%↑ AAPL 0.00%↑ AMZN 0.00%↑ MSFT holMSFT 0.00%↑ the fort. Rest of the sectors have been making new lows/ falling behind.

Everyone is waiting for the China rebound and global recovery. What is NOT priced in or expected? As US economic data gets softer and softer, US Bonds rally and DOLLAR too - what does this mean?

The signals are clear…month/quarter end flows can distort the true picture..